Casino Talks

Posted by: diabloblanco at July 5, 2005, 12:57 pm
Topic: Adjusting to relative chip values Forum: Card Chat

I think I know what you're trying to get at, let me see if I have it.

Alright, you buy in a tourney for 1000.00 and get 1000.00 in tournament chips, each chip is worth a dollar. At the end of the tournament, you end up with all 100 entrants chips in front of you for a total of $100,000 in chips. But, these are tournament chips, not ones you take to the cage. Assume first place payout was $40,000, then each of your 1.00 chips are only worth $4.00.
You begin with 1000 chips worth $1000. At the end, each 1000 is only worth $400.
The more chips you amass, the alue of each check decreases. Adjusting to this fluctuation is a ery tricky and should only be minimally considered when contemplating a risk during a tournament.

I'm not sure that adjusting pot and implied odds to this equation would be beneficial as long as you're not in a position where losing the tournament is going to bust you out. It seems like something to keep in the back of your head and just use simple percentages to estimate the pot and implied odds, reducing them for the amount that the chips have fallen in alue. I hope I understood the question after all that, lol.

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